Press Release

Indoor Location Market to be Dominated by growing popularity of location-based service mobile application across the globe Through 2028

Growing Popularity of Location Enabled Services driving the implementation of the Indoor Location market across the globe.

According to TechSci Research report, “Indoor Location Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028F”

The global indoor location market has witnessed substantial growth in recent years, driven by the increasing demand for advanced navigation and positioning technologies within indoor spaces. As smartphones and IoT devices become ubiquitous, the need for accurate and seamless indoor location services has escalated across various industries, including retail, healthcare, logistics, and entertainment. These solutions offer benefits such as improved customer engagement, efficient resource utilization, and enhanced safety protocols.

Technological advancements, such as Bluetooth Low Energy (BLE), Wi-Fi, and Ultra-Wideband (UWB) technologies, have significantly contributed to the expansion of the indoor location market. These technologies enable precise indoor positioning, asset tracking, and location-based analytics, allowing businesses to optimize operations and create personalized user experiences. The adoption of indoor location services is particularly notable in shopping malls, airports, and smart buildings, where navigation and location-based services enhance visitor satisfaction and operational efficiency.

However, the indoor location market also faces challenges related to privacy concerns, accuracy in complex indoor environments, and interoperability among different systems. Addressing these issues will be crucial for sustaining the growth momentum of the indoor location market. As the world becomes increasingly interconnected and reliant on location-based services, the market is expected to continue evolving, presenting new opportunities for innovation and collaboration among technology providers, businesses, and consumers.

Browse over XX market data Figures spread through 170 Pages and an in-depth TOC on the "Global
Indoor LocationMarket."

Based on technology, the market is segmented into tags, nodes, ultra-wideband, bluetooth, wi-fi, visible light communication and radiofrequency identification. Based on deployment type, the market is segmented into on-premises and cloud. Based on components, the market is segmented into hardware, software, and services. Based on application, the market is segmented into remote monitoring, customer experience management, inventory management, emergency response management, sales and marketing optimization, risk management, predictive asset analytics and others. Based on vertical, the market is further split into hospitality, retail, transportation & logistics, entertainment, public buildings, manufacturing, and others.

Based on deployment type, the indoor location market is segmented into on-premises and on-cloud based on deployment type. A cloud-based indoor location utilizes enterprise cloud technology and follows a web-based software as a service (SaaS) model. On the other hand, the on-premises type system is deployed on the native hardware and network of the business. Over the years, the on-premises location tracking infrastructure has declined, while the demand for cloud-based systems continues to grow significantly. This is primarily due to the enhanced flexibility, scalability, disaster recovery, and security offered by cloud-based indoor location solutions. Additionally, users benefit from automatic software updates without the need for additional capital expenditures, which improves technological competitiveness. As a result, the cloud-based indoor location market is expected to attract significant attention and experience substantial growth.

Based on component type, the indoor location market is categorized into hardware, software, and services based on components. There are various methods of deploying an indoor location system and a wide range of technologies available for enterprises to choose from. However, the implementation of the indoor system necessitates three fundamental components: hardware, software, and services. The hardware component consists of node components, networking devices, sensors, receivers, and transmitters. On the other hand, the software segment encompasses APIs that support the system's functionality and provide analytical insights. The design and implementation of indoor location systems require managed and professional services, which also contribute to the overall revenue of the indoor location market.

Based on vertical, the market is further split into hospitality, retail, transportation & logistics, entertainment, public buildings, manufacturing, and others. The retail segment is expected to dominate the global indoor location market. The retail industry has been an early adopter of indoor location technologies to enhance customer experiences and drive business growth. By leveraging indoor positioning systems, retailers can provide shoppers with personalized promotions, navigation assistance, and product recommendations based on their precise location within a store. This level of customization enhances customer engagement, encourages longer dwell times, and ultimately boosts sales. Additionally, indoor location solutions enable retailers to gather valuable insights into customer behavior and foot traffic patterns. This data enables retailers optimize store layouts, product placements, and staffing, leading to improved operational efficiency and better-informed business decisions. As a result, the retail segment stands to benefit significantly from the integration of indoor location technologies.

The growing trend of integrating online and offline retail experiences, often referred to as "brick-and-click" strategies, further reinforces the importance of indoor location solutions in the retail sector. These technologies bridge the gap between physical and digital shopping environments, enabling retailers to create seamless omni-channel experiences that cater to the preferences and needs of modern consumers. While retail is poised to be a dominant vertical in the indoor location market, other sectors such as healthcare, hospitality, logistics, and entertainment are also expected to witness substantial adoption of indoor location technologies, each contributing to the overall growth and evolution of the market.

Key market players in the global Indoor Location market include:

          ·         HID Global Corporation

          ·         HERE Global BV

          ·         STMicroelectronics N.V.

          ·         Sonitor Technologies AS

          ·         Zebra Technologies Corporation

          ·         Hewlett Packard Enterprise Development LP

          ·         Mist Systems Inc.

          ·         Broadcom, Inc.

          ·         Cisco Systems, Inc.

          ·         Acuity Brands, Inc.

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“North America is projected to experience the highest compound annual growth rate (CAGR) during the forecast period. The region is anticipated to hold a significant share of the Indoor Location market due to the increasing penetration of smartphones and the development of IoT technologies. Moreover, North America stands as the second-largest market for tablets, smartphones, and in-vehicle navigation systems globally. It is also a dominant player in aerospace and maritime navigation equipment manufacturing, as well as airplane production. The United States holds a substantial market share across various end-user industries in North America, especially in the consumer electronics sector. The country boasts high smartphone penetration and sales, supported by robust infrastructure, research funding, and government initiatives aimed at enhancing technological penetration and accuracy. Furthermore, increasing investments in the development of various technologies and the adoption of indoor location solutions are furthermore propelling the growth of indoor location in the global market,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.

“Indoor Location Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028

Segmented By Technology (Tags, Nodes, Ultra-Wideband, Bluetooth, Wi-Fi, Visible Light Communication and Radiofrequency Identification), By Deployment Type (On-Premise and Cloud), By Components (Hardware, Software and Services), By Application (Remote Monitoring, Customer Experience Management, Inventory Management, Emergency Response Management, Sales and Marketing Optimization, Risk Management, Predictive Asset Analytics and Others), By Verticals (Hospitality, Retail, Transportation & Logistics, Entertainment, Public Buildings, Manufacturing and Others), By Region, Competition”, has evaluated the future growth potential of Indoor Location and provides statistics and information on market structure, size, share, and future growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the global Indoor Location market.



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